Royal Dutch Shell Group .com Rotating Header Image

Argentine energy minister hit by Shell shares controversy

Screen Shot 2016-06-09 at 22.11.41

By: Associated Press | Published: June 9, 2016 9:40 AM

Argentina’s government is defending its energy minister who is facing growing criticism for continuing to own shares in Royal Dutch Shell, where he was an executive of the local branch.

Juan Jose Aranguren became energy minister in December. He reported about $1.1 million in Shell’s class A shares in a wealth statement that was released this week.

Cabinet chief Marcos Pena said Wednesday that ”the law is very clear” and there is no conflict of interest.

But critics say Aranguren has privileged information about the oil market and could benefit.

German Emanuele of the non-governmental organization Poder Ciudadano says Aranguren is breaking the public ethics law and should sell his shares in the company.

A local prosecutor is investigating Aranguren for incompatible deals while in office.

SOURCE and its sister non-profit websites,,,,,, and are owned by John Donovan. There is also a Wikipedia feature.

Comments are closed.

%d bloggers like this: